LOCATION: – The property is situated in the High Street, Purley. Purley forms the main leisure area with a number of various eateries and takeaways. The High Street benefits from free one hour parking bays formed along the entire length of the street. There are multiples traders such as Boots, Ladbrokes, KFC, Sainsbury’s Local and established local businesses and restaurants such as Las Fuentes Tapas Bar and Obia Italian Restaurant, plus a number of takeaways, thus forming the main leisure hub of Purley.
DESCRIPTION: – The bar is over four floors with the main drinking area on the ground floor and includes a fully fitted bar and toilets plus access to a fully fitted pump room in the basement. On the first floor there is a dining area which can also be used for functions and a very large fully equipped kitchen. The whole building is serviced from the kitchen by a dumb waiter system. The second floor is currently arranged as a storeroom and office plus male and female toilets but could be converted back into a residential flat for owner or staff use. This popular established bar has been operated by the same owner for over 30 years and established itself as a popular venue amongst residents along with people coming from outside the area to sample unique atmosphere. To the front of the building there are newly fitted aluminum bi-folding doors which when opened in the summer creates a Mediterranean style environment in the main bar area. The business is held on a 20 year FRI lease with 5½ years unexpired which is fully renewable. The business has been showing consistent good net profits over many years* and due to retirement, is being reluctantly offered on the open market.
*Accounts, lease, licensing information upon request.
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Location
5 High Street, Purley CR8 2AF